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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: Investor2 who wrote (36390)	1/2/2000 8:05:00 AM
From: bearshark	Read Replies (1) of 99985

I2: Yes, inflation made things a lot worse. During that period the Vietnam conflict heated up; we had guns and butter economics; we had major assassinations; Nixon took us off the gold standard (if I remember correctly); Nixon put us on wage and price standards; inflation heated up; Watergate; Nixon's resignation; Ford's Wip Inflation Now program; more inflation; the energy crisis; more inflation; 20 percent interest rates; and finally the culmination with four years of malaise under peanutman. With the election of Reagan, the U. S. regained its confidence in itself.

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